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Thursday, June 01, 2017

From the Editor's DeskWe've all heard the 80-20 rule or the Pareto principle, i.e. 80% of the effects come from 20% of the causes. In 2013, 8.4 percent of the world population controlled 83.3 percent of the world's wealth. In 2015, one search engine, Google, received 64 percent of search queries. Why does this happen? Why do a few people, teams, and organizations enjoy the bulk of the rewards in life? James Clear suggests that the process of accumulative advantage is the hidden engine that drives the 80/20 rule. Small differences in performance can lead to very unequal distributions when repeated over time. This is yet another reason why habits are so important. The people and organizations that can do the right things, more consistently are more likely to maintain a slight edge and accumulate disproportionate rewards over time. You only need to be slightly better than your competition, but if you are able to maintain a slight edge today and tomorrow and the day after that, then you can repeat the process of winning by just a little bit over and over again. And thanks to Winner-Take-All Effects, each win delivers outsized rewards. More here

Incorrect bankruptcy claims can backfireNCLAT has rebuked ICICI Bank, for moving a default application against Starlog Enterprises at the National Company Law Tribunal, Mumbai Bench, with misleading claims.

Bad bank a bad idea? Five reasons why India needs a durable solution on NPAsA stable and sound banking system is required for a healthy growth of an economy. But ballooning non-performing assets problem is the biggest impediment that chokes Indian lenders' effective operations. Here are the top Indian banks and the amount of NPAs they had on their accounts as of March quarter. India's big bad loan problem: Banks with highest NPAs

India the second largest consumer of tobacco and tobacco products globallyNew Delhi, May 31: If you think smokeless tobacco or sheesha is not harmful to your health, think again. According to statistics, about six million people in India die every year due to tobacco consumption and approximately 163.7 million users consume only the smokeless variants. The country is also estimated to be the second largest consumer …